7DD4 4th Mar, 2010 #1 When moving out of my PPOR which will be turned into a rental will the removalist cost be tax deductible ?
When moving out of my PPOR which will be turned into a rental will the removalist cost be tax deductible ?
Propertunity 5th Mar, 2010 #2 welshman said: When moving out of my PPOR which will be turned into a rental will the removalist cost be tax deductible ? Click to expand... In a word - no. It is a private expense.
welshman said: When moving out of my PPOR which will be turned into a rental will the removalist cost be tax deductible ? Click to expand... In a word - no. It is a private expense.
M MattR 5th Mar, 2010 #3 Are you being moved at the request of an employer to take up a position where you will be "living away from home"? Last edited: 5th Mar, 2010
Are you being moved at the request of an employer to take up a position where you will be "living away from home"?
7DD4 5th Mar, 2010 #4 But the moving expense is a necessity to make my home an income producing asset, and an expense that other wise would not of occurred. I'm still learning Thanks for your reply.
But the moving expense is a necessity to make my home an income producing asset, and an expense that other wise would not of occurred. I'm still learning Thanks for your reply.
A alexlee 5th Mar, 2010 #5 At the time the expense was incurred, it was not an investment property and was not available for rent. You can't deduct, and it's not a capital cost, either.
At the time the expense was incurred, it was not an investment property and was not available for rent. You can't deduct, and it's not a capital cost, either.
